According to the analysis in your text, the school voucher program would
A. increase the quality of education, but not improve the welfare of low income families.
B. decrease the quality of education.
C. increase the quality of education.
D. not affect education quality, but would make lower income families better off.
Answer: C
Economics
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A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
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The first-order condition for a monopoly maximizing its profit is:
A. (d2R(Q)/dQ2) ? (d2C(Q)/dQ2) < 0. B. (dR(Q)/dQ) ? (dC(Q)/dQ) < 0. C. P ? (dC(Q)/dQ) = 0. D. (dR(Q)/dQ) ? (dC(Q)/dQ) = 0.
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